Federal Reserve looks for more good inflation data before cutting rates. Jerome Powell reiterates data-dependent approach, says they will make decisions meeting by meeting. Federal Reserve policymakers are divided over the timing of the policy pivot. Federal Reserve left the policy rate unchanged at 5.25%-5.5% following the June policy meeting, as expected. The revised Summary of Economic Projections , the so-called dot plot, showed that policymakers were divided over the near-term rate outlook.
Related news Federal Reserve wants to cut rates, appears trapped by inflation US Dollar Weekly Forecast: DXY remains underpinned by central banks and market's mood Fed's Goolsbee: European rate cuts could bolster the US Dollar Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment.